Research Article

Shrinkage Methods for Estimating the Shape Parameter of the Generalized Pareto Distribution

Table 1

Descriptive statistics of the monthly mean temperature of Ghana.

DataMin.Max.MeanSt. dev.SkewnessShapiro-Wilk

Temperature141724.03331.13427.2601.4920.3500.971 (>0.01)
Fire claims21671.000263.2503.3858.50718.7500.197 (>0.01)